North America Veterinary Diagnostics Market Size & Outlook
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North America veterinary diagnostics market highlights
- The North America veterinary diagnostics market generated a revenue of USD 3,586.9 million in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, consumables, reagents & kits was the largest revenue generating product in 2023.
- Consumables, Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,586.9 million |
| Market revenue in 2030 | USD 6,556.1 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Consumables, reagents & kits |
| Fastest growing segment | Consumables, Reagents & Kits |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Reagents & Kits, Equipment & Instruments |
| Key market players worldwide | IDEXX Laboratories Inc, Zoetis Inc Class A, Antech Diagnostics, Hera SpA, Embark, Esaote, Thermo Fisher Scientific Inc, Virbac SA, FUJIFILM Holdings Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 38.6% of the global veterinary diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,037.3 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hera SpA | View profile | 9965 | Viale Carlo Berti Pichat nr. 2/4, Bologna, Italy, 40127 | https://www.gruppohera.it |
| Embark | View profile | 101-250 | Boston, Massachusetts, United States, North America | https://embarkvet.com |
| Esaote | View profile | - | - | |
| Antech Diagnostics | View profile | 1001-5000 | Irvine, California, United States, North America | https://www.antechdiagnostics.com |
| IDEXX Laboratories Inc | View profile | 11000 | One IDEXX Drive, Westbrook, ME, United States, 04092 | https://www.idexx.com |
| Virbac SA | View profile | 5400 | 2065m LID, 1 ere avenue, Carros, France, 06516 | https://www.virbac.com |
| Zoetis Inc Class A | View profile | 14100 | 10 Sylvan Way, Parsippany, NJ, United States, 07054 | https://www.zoetis.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
North America veterinary diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary diagnostics market will help companies and investors design strategic landscapes.
Consumables, reagents & kits was the largest segment with a revenue share of 52.76% in 2024. Horizon Databook has segmented the North America veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
North America has numerous animal health and diagnostics companies. There has been a significant rise in veterinary healthcare expenditure in the region, which is expected to accelerate the growth of the animal diagnostics market.
Furthermore, the presence of healthcare programs and rise in the number of initiatives to promote animal health are factors anticipated to increase the growth potential in this region. For instance, the North American Pet Health Insurance Association is focused on increasing awareness about health insurance coverage for pets.
Efficient measures undertaken by the animal welfare organizations in case of an emergency or sudden disease outbreak are also expected to contribute toward market growth across North America. Moreover, well-developed infrastructure and high R&D spending in the region are factors anticipated to boost the veterinary animal diagnostics market in North America.
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Target buyers of North America veterinary diagnostics market databook
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Our clientele includes a mix of veterinary diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America veterinary diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America veterinary diagnostics market size, by country, 2018-2030 (US$M)
North America Veterinary Diagnostics Market Outlook Share, 2024 & 2030 (US$M)
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